The Tax Blog for Smart Canadians

Tips and tricks for Canadian tax filers at every stage of life from UFile's tax expert Gerry Vittoratos



  • Get Year-End Ready – Tax Tips and Tricks Before 2018 Hits

    by UFile Team Équipe ImpôtExpert | Dec 14, 2017   Comments:

    As tax season quickly approaches and 2017 comes to a close, you may be looking for ways to optimize your return. Fortunately, there’s still time to look at small changes that could have a big impact, and our UFile tax experts have compiled a list of tips geared at helping you get ready for year-end.

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  • Filing Taxes for the First Time as a Canadian Resident? Here’s What You Need to Know.

    by UFile Team Équipe ImpôtExpert | Nov 27, 2017   Comments:

    Canada is on track to welcome as many as 320,000 newcomers to the country in 2017, which means there will be many first time tax filers learning how to navigate the Canada tax system. If this is your first year in Canada, we've got you covered!

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  • Last-Minute Filer? Ask Yourself These 5 Questions

    by UFile Team Équipe ImpôtExpert | Apr 25, 2017   Comments:

    With the May 1st deadline for income tax return filing only days away, meeting that deadline might feel overwhelming. However, knowing what information to gather and which tools to use can make last-minute filing manageable, and even easy.

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  • Going Green: Save the Planet While Saving Cash

    by UFile Team Équipe ImpôtExpert | Apr 13, 2017   Comments:

    When it comes to making eco-friendly choices, Canadians have made significant strides. More Canadians use LED light bulbs, e-billing, and water-efficient systems than ever, indicating that Canadians care about the Earth.

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  • It’s Time For A Personal Finance Checkup

    by UFile Team Équipe ImpôtExpert | Mar 30, 2017   Comments:

    There is no need to be bedridden this tax season; late March is a great time to take a look at your finances, spending habits, and potential savings. Looking at an entire year will offer you excellent perspective, and will help keep you on track (or get you on track) for the rest of 2017.

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  • Fast-Track Your Student Debt By Focusing on the Facts

    by UFile Team Équipe ImpôtExpert | Mar 20, 2017   Comments:

    In 2014, Canadian post-secondary institutions saw graduation numbers climb to 515,865. Even more impressive were enrolment numbers, with 2,054,943 students signing up for the 2014/2015 school year.

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  • The Nuts & Bolts of Modern Family Filing

    by Gerry Vittoratos | Mar 01, 2017   Comments:

    It’s 2017, and families are more diverse than ever. The image of what a makes a“normal” family no longer looks like the traditional “husband-wife-son-and-daughter” unit.

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  • Smooth Sailing: Budgeting For Economy Highs and Lows

    by Gerry Vittoratos | Feb 14, 2017   Comments:

    Between energy sector lows, tightened mortgage rules, and the potential for new border taxes, sometimes it feels like Canadians just can’t catch a break.

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  • RRSP season is upon us

    by Gerry Vittoratos | Feb 01, 2017   Comments:

    RRSP season is upon us! Time to go through the couch covers and scrounge up the last of our savings to make that all-important contribution. Let’s look at some fundamental concepts of RRSPs.

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  • Five Important Updates To Know Before You File Your 2016 Tax Return

    by Gerry Vittoratos | Jan 25, 2017   Comments:

    The start of a new year for most Canadians signals a feeling of optimism, a time of reflection, and a renewed sense of setting goals.

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  • Why Tax-Smart Kids Become Happier Adults

    by UFile Team Équipe ImpôtExpert | Jan 10, 2017   Comments:

    As Bill Murray famously noted, the best way to teach kids about taxes is by eating 30% of their ice cream.

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  • It's Snowbird Season: How To Travel South Headache-Free

    by UFile Team Équipe ImpôtExpert | Dec 27, 2016   Comments:

    More than 500,000 Canadians own real estate in Florida. Although impressive, this number leaves out the number of Canadians who rent long-term or pay regular short-term visits to the sunshine state, or other appealing areas along the sunbelt.

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  • Gigonomics 101: Become A Profitable Freelancer

    by Gerry Vittoratos | Dec 06, 2016   Comments:

    Canada’s gig economy is growing, and at a rapid pace. Starting and running a small business is a major undertaking, especially if you’re self-employed. While securing and retaining clients will always be top priority, keeping your financial house in order does not exactly come second, either.

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  • Making The Most of Tax Deductions (Regardless of Income)

    by Gerry Vittoratos | Oct 18, 2016   Comments:

    The arrival of fall is a great time to start thinking about, and making plans to prepare your personal income tax return.

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  • Important things to know about the new Canada Child Benefit (CCB)

    by Gerry Vittoratos | Jul 25, 2016   Comments:

    On July 20th, 2016, millions of Canadian families received their first Canada Child Benefit (CCB) payment. The CCB is a tax-free monthly payment from the government of Canada to eligible families with children under 18 years of age.

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  • Last Minute tips and tricks

    by Gerry Vittoratos | Apr 29, 2016   Comments:

    The end of tax season is upon us! For those of you who have still not filled your tax returns, here are some last-minute tips to properly complete you tax return.

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  • Investment Loans - tax deductibility

    by Gerry Vittoratos | Apr 22, 2016   Comments:

    Thinking of borrowing to invest? Let’s see some of the concepts of investment loans and how they affect your tax return.

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  • Quebec - Reduction in additional contribution for subsidized daycares

    by Gerry Vittoratos | Apr 05, 2016   Comments:

    The Quebec government recently announced a retroactive reduction to the additional contribution for the second child in a subsidized daycare. What does this mean for you? Let’s find out!

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  • Purchase of your first home

    by Gerry Vittoratos | Mar 21, 2016   Comments:

    The purchase of your first home is arguably the most important financial decision in your life. What are some of the tax considerations and consequences concerning this purchase? Let’s have a look!

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  • Your most important tax document

    by Gerry Vittoratos | Mar 10, 2016   Comments:

    When dealing with tax returns, there is one specific document that is more important than all others. No, we’re not talking about tax slips, although they are important too. We are talking about your Notice of Assessment. Unfortunately many people ignore the assessment, even though it is a crucial document for your tax return. Let’s take a closer look at this document, and why it is so important.

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